The acquisition is subject to certain conditions including the approval of the European Commission.
VION, with its headquarters in the Netherlands, is one of Europe's largest food companies. It has an annual turnover of more than €7.1 billion and employs 18,000 people worldwide. Mayer Brown has also advised VION on its acquisition of a majority of shares in J&J Tranfield, a UK based specialist sausage and pizza producer.
Grampian Country Food Group Ltd was founded in Scotland in 1980 and supplies the major supermarkets with chicken, pork, beef and lamb. The company currently employs 17,500 staff with an annual turnover of £1.7 billion.
Following completion of the acquisition, Grampian will be integrated into the new VION division, VION UK.
Paul Maher, corporate partner and global vice chairman at Mayer Brown said: "We were delighted work with VION again, as they continued to invest into the strategically important UK market. The UK food market is changing rapidly and offers great opportunities for companies looking to expand their business."
The legal team was led by in house lawyer Susan ten Haaf. The Mayer Brown team advising VION was Paul Maher, Henrietta Walker, Kate Eades and Megan Paul (corporate) with assistance from specialist partners Cate Sharp, Michael Hutchinson, Michael Cashman and Nigel White.
For further information:
Charlotte Ward
PR Manager, London
+44 20 7782 8547
cward@mayerbrown.com
Paul Maher
Partner, London
+44 20 7782 8815
pmaher@mayerbrown.com
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October 282022